{
    "success": true,
    "data": {
        "id": 1839948,
        "msgid": "ri-poised-to-become-seas-steel-industry-hub-1783119008",
        "date": "2026-07-03 23:04:17",
        "title": "RI poised to become SEAs steel industry hub",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia is positioning itself as the leading investment and growth hub for the steel industry in Southeast Asia, driven by strong economic fundamentals and rising domestic consumption. The chairman of the Indonesian Iron and Steel Industry Association emphasised the need for cross-sector collaboration to navigate global uncertainties and accelerate the transition to green steel. This ambition aligns with President Prabowo Subianto's downstreaming and industrial transformation agenda.",
        "content": "<p>Jakarta (ANTARA) - The Indonesian Iron and Steel Industry Association\n(IISIA) stated Indonesia has a massive opportunity to emerge as an\ninvestment center and a growth hub for steel industry in the Southeast\nAsian region.<\/p>\n<p>Backed by solid economic fundamentals, growing domestic steel\nconsumption, and increasing investments in the downstream sector,\nIndonesia is becoming increasingly strategic as a primary partner for\nregional steel industry development, Chairman of the IISIA Akbar Djohan\nsaid here on Friday.<\/p>\n<p>\u201cSoutheast Asia is currently one of the regions with the most\npromising steel industry growth prospects globally. As the largest\neconomy in ASEAN, Indonesia possesses a massive opportunity to attract\ninvestments, while strengthening strategic partnerships in the iron and\nsteel sector,\u201d Djohan remarked at \u201cMysteel 2026: 1st Southeast Asia\nSteel Industry Summit\u201d.<\/p>\n<p>He noted the consistent rise in domestic steel consumption and\nstronger export performance demonstrate the improving competitiveness of\nIndonesia\u2019s steel industry in the global market.<\/p>\n<p>Related news: Indonesia exports US$216,000 structural steel to\nCanada<\/p>\n<p>Amid global economic uncertainties, geopolitical shifts, and the\naccelerated transition toward a low-carbon industry, he stressed that\ncollaboration remains key to sustaining the industry\u2019s\ncompetitiveness.<\/p>\n<p>\u201cNo single country, company, or organisation can navigate this change\nalone,\u201d Djohan, who also serves as the President Director of state-owned\nsteelmaker PT Krakatau Steel (Persero) Tbk, noted.<\/p>\n<p>He pointed out the future steel industry will depend heavily on how\nwell stakeholders share knowledge, foster innovation, strengthen\npartnerships, and build mutual trust.<\/p>\n<p>The urgency of creating a fair playing field and expediting the\ntransition to green steel ecosystem through collaboration, he said,\ninvolving the government, industry players, financial institutions,\ntechnology companies, and the energy sector.<\/p>\n<p>Through the summit, he hopes the forging of new partnerships and\ninvestments could enhance the competitiveness of the national steel\nindustry, aligning with the government\u2019s downstreaming and industrial\ntransformation agenda as stated in the President Prabowo Subianto\u2019s\neight priority programmes, Asta Cita.<\/p>\n<p>Related news: Indonesia flags pressures behind Krakatau Osaka Steel\nclosure<\/p>\n<p>RI poised to become SEA\u2019s steel industry hub<\/p>\n<p>July 3, 2026 22:57 GMT+700<\/p>\n<p>Chairman of Indonesian Iron and Steel Industry Association (IISIA)\nAkbar Djohan delivers speech at \u201cMysteel 2026: 1st Southeast Asia Steel\nIndustry Summit\u201d held in Jakarta on Thursday (July 2, 2026).\n(ANTARA\/HO-Krakatau Steel)<\/p>\n<p>Translator: Subagyo, Uyu Liman<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ri-poised-to-become-seas-steel-industry-hub-1783119008",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}